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Powell Industries Announces Fourth Quarter and Full Year Fiscal 2025 Results
Globenewswire· 2025-11-18 21:15
Core Insights - Powell Industries, Inc. reported a solid financial performance for the fourth quarter and full year of Fiscal 2025, achieving record earnings per share and significant revenue growth [3][7]. Fourth Quarter Key Highlights - Revenues reached $298.0 million, an 8% increase from $275.1 million in the previous year, driven by substantial growth in the Electric Utility and Light Rail Traction Power markets, which grew by 100% and 85% respectively [4]. - Gross profit was $93.5 million, or 31.4% of revenue, marking a 16% increase compared to $80.4 million, or 29.2% of revenue, in the prior year [5]. - New orders totaled $271 million, a slight increase from $267 million in the previous year, with a backlog of $1.4 billion as of September 30, 2025, reflecting a 3% increase year-over-year [6][8]. Full Year Key Highlights - Total revenues for Fiscal 2025 were $1.1 billion, a 9% increase from $1.0 billion in Fiscal 2024, primarily driven by growth in the Electric Utility and Commercial & Other Industrial sectors [9]. - Gross profit for the year was $324.4 million, or 29.4% of revenues, which is a 19% increase compared to $273.1 million, or 27.0% of revenues, in the previous year [10]. - Net income for the year was $180.7 million, or $14.86 per diluted share, representing a 21% increase from $149.8 million, or $12.29 per diluted share, in Fiscal 2024 [11]. Strategic Developments - The company completed the acquisition of Remsdaq Ltd., enhancing its capabilities in electrical automation solutions [8]. - The CEO expressed optimism about the company's future, highlighting strong customer activity in the data center market and a positive outlook for the Oil & Gas sector driven by LNG activity [12]. Financial Outlook - The CFO indicated confidence in sustaining the margin profile and order activity into Fiscal 2026, despite typical seasonal softness in the first quarter [13].